January 27, 2023

This Rare Bullish Signal Bodes Well for Hong Kong Stock Rally

(Bloomberg) — Hong Kong’s benchmark stock index has formed a so-called “golden cross”, a technical pattern seen as a bullish signal to some investors. The Hang Seng Index’s 50-day moving average has crossed above the gauge’s 200-day moving average, following the benchmark’s 54% rally since an October trough.

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